Icahn Presses Apple for $150 Billion Buyback

Activist investor Carl Icahn said he pressed Apple Inc. Chief Executive Tim Cook to more than double the company's stock buyback program to $150 billion during a dinner meeting at his apartment.

Mr. Icahn later added in an interview on CNBC Tuesday that he has increased his stake in Apple in recent weeks and now holds about $2 billion in stock, up from an earlier investment reported to be worth about $1.5 billion.